02222018Thu
Last updateThu, 22 Feb 2018 2pm

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Manufacturing & The Economy

Industrial Production Declines for First Time Since January

The index of industrial production edged down 0.1% in August, and the index for manufacturing output decreased 0.4%; the declines were the first for each since January. The gains in July for both indexes were revised down. The declines in total industrial production and in manufacturing output in August reflected a decrease of 7.6% in the production of motor vehicles and parts, which had jumped more than 9% in July. Excluding motor vehicles and parts, factory output rose 0.1% in both July and August. The production at mines moved up 0.5% in August, and the output of utilities rose 1.0%. At 104.1% of its 2007 average, total industrial production in August was 4.1% above its year-earlier level. Capacity utilization for total industry decreased 0.3% in August to 78.8%, a rate 1.0% above its level of a year earlier and 1.3% below its long-run (1972–2013) average. 

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